Best FBS Alternatives 2026
We ranked substitutes that actually make sense for FBS users — prioritizing similar regulation, platform overlap, account fit, and obvious upgrade paths instead of recycling a generic top-brokers list.
FBS scores 7.2/10 in our review model, which means this is not a “run away” page. It is a switch page. The shortlist below is tuned for traders who want something close in profile, but better on one of the usual pain points: costs, platform workflow, regulation, or product depth.
The top match right now is XM, because it overlaps most cleanly with FBS on platform stack, account fit, and broker profile while still offering a stronger overall package.
IC Markets
Trading-cost score: 9.5/10 · spreads from 0.0 pips
Pepperstone
Platforms: MT4, MT5, cTrader
IC Markets
Regulation score: 9.0/10
Top 5 Alternatives to FBS
| # | Broker | Why it fits | Overall Score | Min Deposit | Spreads | Regulation | |
|---|---|---|---|---|---|---|---|
| 1 | X XM Alt fit score: 25.5 | Lower-cost pick with a trading-cost score 1.0 points higher than FBS. | 8.5 | $5 | 0.6 pips | CySEC ASIC IFSC | Review → |
| 2 | P Pepperstone Alt fit score: 23.6 | Lower-cost pick with a trading-cost score 1.5 points higher than FBS. | 8.5 | $0 | 0.0 pips | ASIC FCA CySEC | Review → |
| 3 | F FXOpen Alt fit score: 23.1 | Lower-cost pick with a trading-cost score 1.5 points higher than FBS. | 7.8 | $1 | 0.0 pips | FCA ASIC CySEC | Review → |
| 4 | E Exness Alt fit score: 23.0 | Lower-cost pick with a trading-cost score 1.5 points higher than FBS. | 8.0 | $1 | 0.0 pips | FCA CySEC FSCA | Review → |
| 5 | I IC Markets Alt fit score: 22.7 | Lower-cost pick with a trading-cost score 2.5 points higher than FBS. | 8.8 | $200 | 0.0 pips | ASIC CySEC FSA | Review → |
FBS vs XM — Side by Side
FBS
XM
Why traders switch from FBS
Trading costs are decent rather than elite. If spreads and commissions are your main headache, IC Markets is the cleaner upgrade.
Pepperstone looks like the best platform-led upgrade if your current setup feels limiting.
If trust and entity quality matter more than headline leverage, IC Markets is the safer upgrade path from a regulation angle.